Cardinal Health (CAH) Hits New 52-Week High on Earnings, Optimistic Outlook

Core Insights - Cardinal Health Inc. achieved a new 52-week high following strong earnings performance and an optimistic growth outlook for fiscal year 2026 [1][4]. Financial Performance - For the first quarter of fiscal year 2026, Cardinal Health reported an 8% increase in attributable net income, reaching $450 million compared to $416 million in the same period last year [2]. - Revenues surged by 22% to $64 billion, up from $52 billion year-on-year [2]. Growth Outlook - The company raised its fiscal 2026 outlook, projecting non-GAAP attributable diluted earnings per share to grow between 17% and 20%, targeting a range of $9.65 to $9.85, an increase from the previous range of $9.30 to $9.50 [4]. - The positive outlook is supported by strong first-quarter results and expected contributions from the acquisition of Solaris Health, anticipated to be completed in early November [4]. Market Reaction - During intra-day trading, Cardinal Health's stock price peaked at $195.15 before closing at $189.84, reflecting a 15.43% increase for the day [2].